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GS Stock Forecast: Balancing Robust Growth with Cautious Optimism.

July 30, 2024

This WES Stock Forecast article was written by Aiden Chalem – Financial Analyst at I Know First.

Goldman Sachs reported impressive Q2 FY2024 net revenues of $12.73 billion, surpassing estimates, with a GAAP EPS of $8.62, reflecting strong profitability.
Effective management of the credit card portfolio resulted in a notable reduction in the provision for credit losses, indicating improved credit quality.
Despite market volatility, Goldman Sachs' stock has increased by 37.12% over the past year, with analysts maintaining a "buy" rating due to the company's solid performance and strategic initiatives.

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July 22, 2024

This WES Stock Forecast article was written by Aiden Chalem – Financial Analyst at I Know First.

Increased distribution resulted in an attractive yield of about 8.9%, appealing to income-focused investors. The company appears on track to achieve its leverage goal.
In FY24Q1, WES reported EPS of $1.47, beating estimates by $0.68, with a 20.95% YoY revenue increase to $887.73 million.
Investors are holding Western Midstream Partners due to strong financial performance and concerns over the stock's high valuation.

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July 15, 2024

This C Stock Forecast article was written by Aiden Chalem – Financial Analyst at I Know First.

Citigroup reported an EPS of 1.75, beating the consensus by 0.48. Effective cost management strategies drove this strong performance. A focus on high-margin business segments also contributed, helping offset a slight year-over-year revenue decline of 1.60%.
In Q1 2024, Citigroup's revenue surged to $43.82 billion, driving gross profit to $21.10 billion. This turned operating income positive at $4.54 billion, reflecting the company's strong market presence and improved efficiency.
For the rest of the 2024 fiscal year, Citigroup stock will likely experience varied performance. With a current value of $50 per share, Citigroup (C) has a projected average target price of $63.09, reaching as high as $86 and as low as $43.

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July 1, 2024

This QCOM Stock Forecast article was written by Aiden Chalem – Financial Analyst at I Know First.

QCOM has proved a remarkable success. Increasing in 1 year to date stock value of 73.34%, and a 5-year return of 178.66%.
QCOM has beat consensus EPS in the last fiscal quarters. An EPS for the trailing twelve months was $8.05 and the reported FY24Q1 EPS is $2.10, with predictions that EPS and revenue will continue to rise.
Qualcomm (QCOM) appears undervalued relative to its industry peers across several key valuation metrics. The EV/Revenue multiple for Qualcomm stands at 6.1x, significantly below the industry average of 9.1x and the median of 10.8x.